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Description
TO LET
57 Easter Road EH7 5PL
Retail Unit
LOCATION
The subject property is situated near the top of Easter Road (A900) approximately 1.5 miles northeast of Princes Street. The Easter Road area of Edinburgh connects with London Road, Broughton, Queens Street, Leith Walk, and the popular Shore. The unit sits on the west side of street close to the corner of Edina Street and is surrounded by a mix of residential tenements, retailers, restaurants, cafes, and bars. The amount of passing traffic and trade make this a popular commercial destination.
Public transport links are very good with regular bus routes stopping close to the property. The tram goes all the way down Leith Walk, which runs parallel to Easter Road.
DESCRIPTION
The subjects comprise a single retail unit forming part of a traditional Edinburgh tenement. The property is freshly decorated externally with low-level black tiles and three roller shutters protecting the entrance and two large, glazed units Internally, the property is in good order throughout benefitting from high ceilings and windows to the front and back of the shop. The main retail area leads through to a further area to the rear with two private rooms as well as a WC and a large storage cupboard. The basement is equally well presented with recessed down lighters and fresh wall colours accessed via a timber stair.
ACCOMMODATION
According to our recent measurement survey the subject comprise the
following approximate net internal area:
Ground floor: 58 Sq m (624 Sq ft)
Basement: 27 Sq m (291 Sq ft)
Total 85 Sq m (915 Sq ft)
RENT & LEASE TERMS
The rent sought is £14,000 per annum on a full repairing and insuring lease for a term of 5 years or more.
RATEABLE VALUE
According to the Scottish Assessor’s website (www.saa.gov.uk) the subjects have a Rateable Value of £8,100 effective 1st April 2023. The uniform business rate for the current year is 49 pence in the pound. Occupiers may be eligible for 100% rates relief through the Small Business Bonus Scheme if the combined rateable value of all their business premises in Scotland is £35,000 or less.
UTILITIES
The property is served by mains electricity, and water.
ENERGY PERFORMANCE CERTIFICATE
The Energy Performance Certificate rating is Pending.
A copy of the recommendation report is available on request.
ENTRY
Upon completion of a formal missive under Scots Law.
LEGAL COSTS
Each party shall bear their own legal costs with the eventual tenant liable for any LBTT
and Registration Dues.
VIEWING AND FURTHER
INFORMATION
By appointment through the sole letting agent, Ime DJK Group Ltd.
EPC rating: Unknown. Council tax band: X,